Bosnia and Herzegovina: Excise duty rates increased for 2014

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Bosnia and Herzegovina: Excise duty rates increased for 2014

topic.jpg

Dajana Topic

On November 12 2013, a new decision on the rate of specific excise duty and an overall minimum excise duty on cigarettes for the year 2014, levied by the governing board of the Indirect Taxation Authority (ITA), was published in the Official Gazette. The decision is applicable from January 1 2014. Therefore, the manufacturers and distributors of cigarettes were required to, by November 30 2013, submit to the ITA the new retail prices of cigarettes which will be effective from the beginning of 2014.

The decision on establishing specific minimum excise duty on cigarettes for 2014 defines that the following excise tax will be paid:

  • Proportional excise duty at the rate of 42% of the retail price of cigarettes;

  • The specific excise duty will be increased from BAM37.50 ($26) to BAM45.00 per 1,000 cigarettes, while an overall minimum excise duty will be increased to BAM104.50 per 1,000 cigarettes from BAM91.00 at the moment.

For cigarettes with tax labels issued before December 31 2013 but imported after January 1 2014, the importers will pay a difference between excises already paid and the new liability, according to the calculation made by the relevant ITA Customs Office.

Dajana Topic (dajana.topic@eurofast.eu)

Eurofast Global, Banja Luka Office

Tel: +387 51 340 680

Website: www.eurofast.eu

more across site & shared bottom lb ros

More from across our site

The threat of 50% tariffs on Brazilian goods coincides with new Brazilian legal powers to adopt retaliatory economic measures, local experts tell ITR
The country’s chancellor appears to have backtracked from previous pillar two scepticism; in other news, Donald Trump threatened Russia with 100% tariffs
In its latest G20 update, the OECD also revealed tense discussions with the US where the ‘significant threat’ of Section 899 was highlighted
The tax agency has increased compliance yield from wealthy individuals but cannot identify how much tax is paid by UK billionaires, the committee also claimed
Saffery cautioned that documentation requirements in new government proposals must be limited if medium-sized companies are not exempted from TP
The global minimum tax deal is not viable without US participation, Friedrich Merz has argued
Section 899 of the ‘one big beautiful’ bill would have spelled disaster for many international investors into the US, but following its shelving, attention turns to the fate of the OECD’s pillars
DLA Piper’s co-head of tax for the US and Latin America tells ITR about her fervent belief in equal access to the law, loving yoga, and paternal inspirations
Tax expert Craig Hillier agrees with the comparison of pillar two to using a sledgehammer to crack a nut
The amount is reported to be up 57% from the £5.6bn that the UK tax agency believes was underpaid in the previous year
Gift this article